Smart Ways To Save Money As A PG Student in Vadodara
August 10, 2023 | 12:36 PM By
College brings life-changing opportunities, yet financial difficulties often pose significant challenges. The financial responsibilities of being a student, including tuition fees, housing bills, and daily expenses, can be overwhelming. You may, however, achieve a balance between your academic goals and financial security with careful planning and a few money saving tips.
As a student in Vadodara, you will learn various sensible and practical ways to save money. Budgeting advice, advice on how to use pocket money, and much more will be provided here. These cost-cutting tips for students are intended to enable you to get the most out of your time in Vadodara without going over budget, regardless of what programme you are doing.
- Living in Shared Accommodation: Select shared co living facilities, like affordable PG in Vadodara by your-space, to divide rent and utility bills with housemates. Your monthly costs could significantly decrease due to this. Twin-sharing or triple-sharing rooms are frequently available in PGs, making them more affordable for you. Sharing a room with two other students can reduce your part of the monthly fee from Rs. 10,000 for a single room in a double sharing PG to Rs. 5000.
- Cooking at Home: Make your meals at your living place rather than frequently eating out. Many PGs allow you to make your own food as they have an attached kitchen. Meals prepared at PG are not only more affordable but also healthier. To save even more money, prepare your meals and grocery shop in bulk. The price of a single dinner at a restaurant may be over Rs. 300, whereas the cost of making the same meal at home with items purchased in bulk may be between Rs. 80 and Rs. 100.
- Availing Student Discounts: Next in the line of money saving tips is to take advantage of Vadodara’s different student discounts. Numerous dining establishments, coffee shops, movie theatres, and public transportation systems offer student discounts or passes. To take advantage of these offers, always keep your student ID card with you. Instead of paying the whole Rs. 300 for a movie ticket, you can pay as little as Rs. 200.
- Using Public Transportation: To go around the city, you can take the bus or train. Using taxis or having a personal automobile is typically more expensive than public transportation. A monthly bus pass could cost you roughly Rs. 500, but a cab fare could cost more than Rs. 3,000.
- Purchasing Used Books: Consider buying used or second-hand books rather than brand-new textbooks. You can easily purchase used books for much less online or at bookstores. The same textbook may sell used for Rs. 300–400 yet may cost Rs. 800 when new.
- Keeping Entertainment Expenses to a Minimum: Keep an eye on how much you spend on entertainment. Consider free or inexpensive alternatives, such as visiting parks, going to local events, or planning game evenings with friends, rather than constantly going out to pricey locations. A day spent at a neighbourhood park with friends is free, whereas a trip to an amusement park could cost you roughly Rs. 1,500.
- Conserving Energy: Here are some smart tips that can help students stay aware of their energy usage. When you’re not using them, make sure to turn off the lights, fans, and electronics. Additionally, reducing your reliance on heating and cooling systems can significantly impact your monthly electricity bills. Use energy-efficient techniques, and you could potentially save between Rs. 500 and Rs. 700 each month, giving you more funds to allocate to other essential expenses or even some well-deserved leisure activities.
- Working Part-Time: Look for part-time positions or freelance work that fits your schedule and skill set. Gaining additional income might aid in saving money or covering non-essential bills. You can make an extra Rs. 5,000–10,000 per month by working part-time at a neighbouring café or as a content writer.
- Using Free Educational Resources: Make use of the free educational materials that are offered online, including e-books, scholarly journals, and learning management systems. You can avoid paying for pricey reference books this way. Use the online library at your university or other open-access resources to access it instead of spending money on a pricey academic journal.
- Sharing and Borrowing: Exchanges are common when you live in PGs, and they are a great way to save money. Books, office supplies, culinary gadgets, and even outfits for special occasions may fall into this category. You can save between Rs. 100 and Rs. 200 by borrowing a bike/scooty from a flatmate at your PG in Vadodara rather than choosing a cab for the day.
- Tracking Expenses: Monitor your spending and look for areas where you can save more. To keep track of your spending patterns, use spreadsheets or budgeting apps. Once you are aware of how much money you spend on snacks and drinks, you can cut back on these costs.
- Using Cashback and Rewards: Use credit/debit cards that offer cashback and rewards on purchases or cashback-focused applications. Collect these benefits and use them to pay bills or make future purchases. You might save about Rs. 250 each month if you receive 5% cashback on grocery purchases.
- Connecting to Public WiFi Networks: Connect to public WiFi networks offered by cafes, libraries, or your educational institution to avoid relying on pricey cellphone data plans. Also, by choosing living accommodations, like Waghodia Road student hostels by your-space, you can save money on internet bills as they provide free WiFi. You can save between Rs. 500 and Rs. 800 per month by choosing free WiFi over a monthly mobile data package.
- Using Student Membership Option: Some gyms and fitness facilities give new customers discounts or student prices. You can save between Rs. 500 and Rs. 1000 per month by choosing a gym that offers student rates as opposed to regular membership fees.
your-space: Your Partner in Savings
Adopting wise money saving tips will make life as a student in Vadodara more secure and pleasurable. You can balance your academic goals and financial security by choosing shared housing, cooking at home, taking advantage of student discounts, and being cost-conscious. For the best PG experience that combines affordability with valuable amenities, your-space stands as the leading platform to search for PG in Vadodara. your-space offers affordable accommodations, free WiFi, and other services across all their co living accommodations, like Waghodia Road student hostels, to help you save money. This allows you to concentrate on your studies and get the most out of your time as a student in Vadodara.
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